JELD-WEN Holding, Inc. (NYSE:JELD) Given Average Rating of “Reduce” by Brokerages

JELD-WEN Holding, Inc. (NYSE:JELD) has been given a consensus rating of “Reduce” by the six ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $2.1125.

A number of analysts have recently issued reports on the company. Wall Street Zen cut JELD-WEN from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 9th. UBS Group lowered their price target on JELD-WEN from $3.00 to $1.60 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of JELD-WEN in a research report on Friday, May 22nd. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $1.75 price target on shares of JELD-WEN in a research report on Wednesday, May 6th.

JELD-WEN Stock Performance

JELD opened at $2.03 on Wednesday. The stock has a market cap of $174.45 million, a PE ratio of -0.34 and a beta of 2.05. The company has a current ratio of 1.68, a quick ratio of 0.93 and a debt-to-equity ratio of 97.65. JELD-WEN has a 1 year low of $0.93 and a 1 year high of $6.98. The stock’s 50 day simple moving average is $1.42 and its 200-day simple moving average is $2.05.

JELD-WEN (NYSE:JELD) last released its quarterly earnings data on Monday, May 4th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.20). The firm had revenue of $722.13 million for the quarter, compared to the consensus estimate of $721.62 million. JELD-WEN had a negative net margin of 16.02% and a negative return on equity of 65.79%.

Insiders Place Their Bets

In other JELD-WEN news, Director Bruce M. Taten sold 19,483 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $1.66, for a total value of $32,341.78. Following the sale, the director directly owned 88,158 shares in the company, valued at $146,342.28. This represents a 18.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.87% of the stock is owned by company insiders.

Institutional Trading of JELD-WEN

A number of large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its position in JELD-WEN by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 33,585 shares of the company’s stock valued at $132,000 after acquiring an additional 2,416 shares during the period. Rhumbline Advisers grew its position in JELD-WEN by 2.9% in the second quarter. Rhumbline Advisers now owns 132,758 shares of the company’s stock valued at $520,000 after acquiring an additional 3,711 shares during the period. Intech Investment Management LLC grew its position in JELD-WEN by 12.5% in the fourth quarter. Intech Investment Management LLC now owns 37,771 shares of the company’s stock valued at $93,000 after acquiring an additional 4,195 shares during the period. Rafferty Asset Management LLC grew its holdings in shares of JELD-WEN by 21.8% during the second quarter. Rafferty Asset Management LLC now owns 30,048 shares of the company’s stock worth $118,000 after purchasing an additional 5,385 shares during the last quarter. Finally, Performa Ltd US LLC grew its holdings in shares of JELD-WEN by 73.8% during the fourth quarter. Performa Ltd US LLC now owns 12,950 shares of the company’s stock worth $32,000 after purchasing an additional 5,500 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors.

About JELD-WEN

JELD-WEN is a global manufacturer of windows and doors and related building products, serving both residential and commercial markets. The company’s portfolio includes wood, vinyl and aluminum windows; interior wood doors; and exterior doors crafted from steel, fiberglass and composite materials. JELD-WEN’s products are designed for new construction and remodeling applications, with an emphasis on quality, durability and energy efficiency.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has grown through a combination of organic expansion and strategic acquisitions to establish a manufacturing footprint in North America, Europe and Australasia.